For many people, the chance to buy a second property sounds like a dream come true, but for those who get there, that dream often turns out to be a lot more complicated than they might have expected. Whether you choose to rent out the property on a long-term basis or run it as a holiday home, management can get complicated fast. From pricing to marketing to taxes, there’s so much to consider, and that’s before you’ve even met your first tenant/guest.
That being said, owning a second property doesn’t have to give you a headache. As a matter of fact, there’s actually a really popular and growing technique for those looking to invest in holiday homes without looking to take on a new full-time job, and it all comes down to Airbnb management.
Running An Airbnb
Maintaining and operating an Airbnb is generally not too different to maintaining a holiday home. Things like checking for damage, communicating with guests, and making sure the property is well-kept are all still necessary jobs that you’ll have to perform. While the Airbnb platform definitely does offer some extra convenience when it comes to finding guests, on its own, running an Airbnb property is still a lot of work.
Unless that is, you decide to work with an Airbnb management company.
Airbnb Management
If you’re looking to turn that second home into truly passive income then Airbnb management is absolutely the way to go. As an Airbnb management company, it’s our job to take care of everything from pricing the property to maximising profits, to dealing with difficult guests causing problems. We’ll handle everything in return for a modest share of the profits.
Even better, as experienced property managers, we know a lot about how to price your property efficiently to make the maximum profit for the area. In fact, the increase in profits is usually so overwhelming that it more than pays for the cost of hiring an Airbnb management company in the first place.
The Easy Option Is Right There
People often assume that the easy choice comes at a cost, and that hard work is always more valuable. In this case, however, the easy option really is the best one.
Airbnb Management is more efficient and oftentimes far more profitable. If you really do want to spend that time working, then allowing someone else to manage the property frees you up to spend more time working on other projects. With that in mind, there really is no reason not to choose Airbnb management for your second property.
To find out more about us and how we could help you to manage your Airbnb property, please contact us at 07474 118 218 or send an email to hello@stayinlondon.co.uk.
